if they think it might fail?
well, these issues are from the great depression mainly banks it's always dangerous to give the gov. the power to shut down anything but at the same time there are dangers to them not having that power I only know of the gov. shutting down banks that were basically going under big time which can help local markets but I can see both sides
No By that standard they can shut down anyone at anytime because face it we all might fail.
It should only ensure that the bank is not acting criminally. It should publicly warn then remove the FDIC insurance to give depositors a warning.
No. But our financial system has had corrupt bankers determining the winners and losers in the economy for about a century now. Before this power was limited, because they could only do this with special favors like subsidies and bailouts. Now they have the power to just shut down business at their whim, instead of indirectly via monopolization.
Of course not, and as a matter of law, no such power can exist - which is why ALL Democrats demand such power be vested in the will of ONE man whose decisions CANNOT be reviewed nor appealed.
